Grafton Group plc (LON:GFTU) Given Consensus Recommendation of “Buy” by Analysts

Grafton Group plc (LON:GFTU) has earned an average recommendation of “Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 1,153.33.

Several research analysts have recently weighed in on GFTU shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,275 target price on shares of Grafton Group in a research note on Monday, May 18th. Berenberg Bank decreased their target price on shares of Grafton Group from GBX 1,100 to GBX 1,000 and set a “buy” rating for the company in a research note on Monday, May 18th. Finally, Stifel Nicolaus restated a “buy” rating and issued a GBX 1,175 target price on shares of Grafton Group in a research note on Thursday, March 19th.

Insider Buying and Selling at Grafton Group

In other news, insider Eric Born bought 1,182 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The stock was acquired at an average cost of GBX 915 per share, for a total transaction of £10,815.30. Company insiders own 9.33% of the company’s stock.

Grafton Group Price Performance

Shares of GFTU stock opened at GBX 903.60 on Friday. The company has a market capitalization of £2.09 billion, a PE ratio of 9.87, a price-to-earnings-growth ratio of 1.58 and a beta of 1.08. The firm has a fifty day simple moving average of GBX 866.95 and a 200-day simple moving average of GBX 912.16. The company has a current ratio of 2.11, a quick ratio of 1.56 and a debt-to-equity ratio of 37.55. Grafton Group has a twelve month low of GBX 788.60 and a twelve month high of GBX 1,034.

Grafton Group declared that its Board of Directors has authorized a stock repurchase plan on Thursday, March 5th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

About Grafton Group

Grafton Group plc engages in the distribution, retailing, and manufacturing businesses in Ireland, the Netherlands, Finland, and the United Kingdom. Its Distribution segment distributes building materials, paint, tools, ironmongery, fixings, and accessories, workwear and PPE, and spare parts; materials and plant for mechanical services, heating, plumbing, and air movement; and trade, DIY, and self-build markets with building materials, timber, doors and floors, plumbing and heating, bathrooms, and landscaping products under the Selco, Leyland SDM, Chadwicks, MacBlair, Isero, Polvo, Gunters en Meuser, TG Lynes, and IKH brands.